tag:blogger.com,1999:blog-923568407698595577.post3839889438245292977..comments2024-01-20T07:28:40.762+08:00Comments on For Your Information: SSPN Tax Relief vs Higher Div rates outsideMan Suranihttp://www.blogger.com/profile/17247783563975048209noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-923568407698595577.post-75231782259895638132013-12-03T09:52:16.179+08:002013-12-03T09:52:16.179+08:00Hi Nic,
the allowance is RM6000 per year till 2017...Hi Nic,<br />the allowance is RM6000 per year till 2017. "personal tax relief for saving deposits placed with SSPN-i for the benefit of their children be increased from existing RM3,000 to RM6,000 effective from year of assessment 2012 to 2017"<br />So why would the average equivalent come down to 7%, since for every year from 2012-2017 you could deposit RM6k yearly and get the RM6k relief for each year till 2017. After 2017, i'd continue to deposit RM3 per year based on the relief. Yes the calculations does get complicated. Some sites say you can withdraw the whole amount the following year, so could you in 2018 withdraw all the sayings and then put it in another email.Man Suranihttps://www.blogger.com/profile/17247783563975048209noreply@blogger.comtag:blogger.com,1999:blog-923568407698595577.post-26906827520791503872013-11-26T13:37:51.589+08:002013-11-26T13:37:51.589+08:00This is a good overview of the calculations for SS...This is a good overview of the calculations for SSPN. However, the % changes depending on the timeframe. If it is immediately after 1 year, the equivalent return is 26% for highest tax bracket but if you extend it, the average equivalent return comes down to about 7% for 15 years because the tax relief benefit is spread out. Also, for accuracy, I would use 6000 as total invested in SSPN and 4440 as investment number. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-923568407698595577.post-18821898894922150232013-10-03T05:54:44.009+08:002013-10-03T05:54:44.009+08:00I like it whenever people get together and share t...I like it whenever people get together and share thoughts.<br /><br />Great blog, continue the good work!<br /><br />my weblog; rattan patio furniture (<a href="http://Southavencoc.org/test4/index.php/who-we-are/leadership/secretaries/" rel="nofollow"></a>)Anonymousnoreply@blogger.com